Canadian Employment (July 2020)
Posted on Aug 07, 2020 in Economics
Canadian employment grew by 419,000 jobs in July (2.4%, m/m). Combined with gains in May of 290,000 and gains in June of 953,000, this brought national employment to within 1.3 million of the pre-COVID February level. The national unemployment rate fell by 1.4 percentage points to 10.9 per cent from the previous month. Most of the employment gains...Vancouver Real Estate Statistics - July 2020
Posted on Aug 05, 2020 in Market Update
Metro Vancouver housing market sees steady summer activity
Home buyer and seller activity in Metro Vancouver* exceeded historical levels in July.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,128 in July 2020, a 22.3 per cent increase from the 2,557 sales recorded in July 2019, and a 2...
COVID-19 Reopening Dashboard & Update
Posted on Jul 29, 2020 in Economics
The BCREA Economics team has created the COVID-19 Reopening Dashboard to help REALTORS® monitor the evolution of the BC economy as the province gradually reopens. This dashboard focuses on the sectors and activities that have been most significantly impacted by the pandemic and the province's subsequent state of emergency.To monitor the province's...
Canadian Inflation (June 2020)
Posted on Jul 22, 2020 in Economics
Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 0.7% in June year-over-year, up from a 0.4% decline in May. June saw the fastest rise in the CPI since March 2011. Prices rose in five of eight components year-over-year, with food and shelter prices driving the increase. Rents rebounded in June, rising 0.6% from the previous...Sold Data & Prices - Vancouver Real Estate Listings
Posted on Jul 21, 2020 in Also in the news
I'm really excited to launch this brand new feature on our Vancouver real estate website that enables us to display sold prices on all different types of properties for Vancouver and the Fraser Valley going back up to 2 years.
You can search for properties around you that have recently sold, and if you really wanted to check what your friends place...
You can search for properties around you that have recently sold, and if you really wanted to check what your friends place...
Canadian Retail Sales (May 2020)
Posted on Jul 21, 2020 in Economics
A good news report. The easing of pandemic restrictions across the country led to an 18.7% surge in seasonally-adjusted Canadian retail sales in May to $42 billion. Leading the growth was motor vehicle and parts dealers, followed by an increase in sales in almost all other subsectors. Although sales increased in May, retail sales remain 20% below p...